Spot iron ore prices hit 10-month high
Post Date: 14 Aug 2009 Viewed: 692
The delivered prices of spot iron ore have raised to a 10-month high of $110 per ton, much higher than the benchmark prices reached between Japanese and South Korea’s mills and ore suppliers. Indian fines grading 63.5 percent are currently offered at $110 to 112 per ton, nearly 80 percent higher than those in mid-April. Mills worrying about their normal production have expressed their discontent over CISA’s tough but increasingly barren stance, claiming it is in a large part fighting for nothing but its self-esteem. Some mills are said to have accepted a 33 percent markdown in private with suppliers.